The Dangote Petroleum Refinery has recommenced its full-scale operations and simultaneously hiked the gantry (ex-depot) price of Premium Motor Spirit (PMS, or petrol) by about 7 percent, raising it from ₦820 to ₦877 per litre. Recent investigations suggest that oil marketers purchasing two million litres or more will still enjoy some relief due to favorable pricing. This new gantry rate undercuts many depot owners, who currently charge between ₦890 and ₦900 per litre. For instance, Pinnacle and Rainoil are pricing their supplies at ₦890 and ₦885 respectively; Optima and Matrix are holding steady at ₦880 and ₦890 per litre. Many filling stations are already pushing pump prices beyond ₦900, reflecting the widening gap between gantry and retail pricing. The Oil & Gas Service Providers Association of Nigeria (OGSPAN) President, Mazi Obasi, praised Dangote Refinery’s resilience in overcoming operational challenges and emphasized the refinery’s role in steering Nigeria toward energy independence. Impact on Depot Owners and Marketers Why Dangote Can Dictate Terms Challenges Ahead & Outlook
